In Australia’s top 50 ‘National Top Performing Suburbs’ report, nine of the top ten spots went to houses in Victoria, with units making an appearance at #15.
The CoreLogic report identifies those suburbs and towns nationwide that are classed as ‘over-performers’, based on their change in median value over the past 12 months but also their medium and longer term results.
50 suburbs recorded at least 15% median value growth over the past 12 months, in addition to 15%+ median value growth in both the medium (3 yrs) and long term (5 yrs). The top ten of the top 50 list is below:
First place goes to houses in Kilmore, Victoria where median values over the past twelve months grew 32.5% on top of good medium to longer term performance (27.1% for the 3 year change in median value and 42.6% for the five year change in median value). The median value of houses in Kilmore, Vic is currently $469,393.
Closely following in second place are houses in Darley, Victoria. With a current median valuation of $540,727, those values grew 30.2% in the last 12 months, 46.4% in the last three years and 64% over the past five.
Romping home in third, were houses in North Geelong, Victoria, where median values grew 29.2% in the last twelve months, 44.4% in the last three years, and 59.0% over the last five. The current median valuation for houses in Geelong is $475,747.
The first time units appear on the top 50 list is at #15 spot, in Carrum Downs - again in Victoria. There, median values for units grew 25.2% in the last twelve months, 49.4% over the last three years and 52.3% in the last five. Median values for units in Carrum Downs are currently $459,122
For the full ‘Top 50 suburbs’ list, ranked by both performance and name (for easy reference), including key analysis metrics, housing type and demographic commentary.